Risk & Business

Image via Wikipedia Based on an article published on the UCAR website , http://www2.ucar.edu, the oil coming from the leak at the BP site in the Gulf of Mexico may eventually reach the eastern coast of the U.S. Based upon their computer modeling the oil may get caught up in the Gulf's Loop Current and eventually make it's way up as far as North Carolina . While they are careful to say this is based upon estimation and modeling, the fact is it is unknown what sort of environmental damage may occur should this happen and how many and what types of claims may crop up. Hard to imagine the U.S. Government would allow an oil company to engage in this type of drilling without a detailed system of safety procedures in place should an accident of this type occur.

Image via Wikipedia Recently the head of AIG , Edward Liddy , announced his intention to step down from the company's leadership post. As has been widely reported, AIG was one of the first companies to receive " bailout " money from the government and since then have been widely criticized for it's executive pay packages, bonuses, and other forms of compensation to it's executives . I guess when a company that large hits hard times due to numerous strategic "errors" on the part of it's leadership, and then receives a large infusion of cash from the federal government , it deserves the kind of scrutiny and micromanagement it has been under from the feds. However, there's a problem developing, not only at AIG, but at many other companies that are receiving federal funds . The problem is the compensation at these firms amounts to $1.00 a week. How are you going to get someone with the savvy and experience to come in and run these major corpo...